{"id":21406,"date":"2025-06-28T09:06:23","date_gmt":"2025-06-28T09:06:23","guid":{"rendered":"https:\/\/www.europesays.com\/us\/21406\/"},"modified":"2025-06-28T09:06:23","modified_gmt":"2025-06-28T09:06:23","slug":"snowcaps-23m-move-to-revolutionize-computing","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/21406\/","title":{"rendered":"Snowcap’s $23M Move to Revolutionize Computing"},"content":{"rendered":"\n

Snowcap Compute<\/strong>, a semiconductor startup developing superconducting AI chips, announced<\/a> a $23 million seed round on Monday. According to Reuters<\/a>, the company is backed by Playground Global<\/strong> and led by former Intel CEO Pat Gelsinger, who will also serve as board chair.<\/p>\n

The funding round also included Cambium Capital<\/strong> and Vsquared Ventures<\/strong>.<\/p>\n

Invest in Gold <\/p>\n

Powered by Money.com – Yahoo may earn commission from the links above. <\/p>\n

The startup aims to create high-performance computing platforms that require significantly less power than current-generation chips. Snowcap said its superconducting architecture will deliver 25 times better performance per watt compared to existing AI systems.<\/p>\n

Don’t Miss:<\/strong><\/p>\n

Snowcap Compute’s superconducting chips are designed to operate with zero electrical resistance and require cryogenic cooling to function, according to Reuters. The company said the chips are being developed to reduce electricity consumption in artificial intelligence computing, a sector facing increasing energy demands.<\/p>\n

Nvidia\u2019s (NASDAQ:NVDA<\/a>) upcoming Rubin Ultra server, expected in 2027, is projected to consume around 600 kilowatts of power\u2014about two-thirds of the monthly electricity use of a typical U.S. household, Reuters reported.<\/p>\n

Snowcap CEO Michael Lafferty<\/strong>, formerly with Cadence Design Systems (NASDAQ:CDNS<\/a>), told Reuters that the performance-to-power ratio of Snowcap’s architecture justifies the energy spent on cooling. “We’re pushing the performance level way up and pulling the power down at the same time,” he said.<\/p>\n

Snowcap plans to release a basic chip by the end of 2026. Full system deployments will follow at a later stage. The chips will be manufactured in a conventional factory using niobium titanium nitride sourced from Brazil and Canada, Reuters reported.<\/p>\n

Trending: GoSun’s Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved \u2014 <\/strong>Become an Investor in This $41.3M Clean Energy Brand Today<\/strong><\/a><\/p>\n

Gelsinger, who stepped down as Intel CEO<\/a> in December, said the industry must rethink its reliance on increasingly power-hungry chips. “A lot of data centers today are just being limited by power availability,” he told Reuters.<\/p>\n

Story Continues <\/p>\n

In a LinkedIn post<\/a>, Gelsinger described Snowcap as “the first commercially viable superconducting compute platform,” and said it delivers performance and efficiency gains across classical, AI, and quantum workloads. He called it his first public investment as general partner at Playground Global and said the company’s technology could address compute bottlenecks and “push the boundaries of what is possible with silicon.”<\/p>\n

See Also: Maximize saving for your retirement and cut down on taxes: <\/strong>Schedule your free call with a financial advisor to start your financial journey \u2013 no cost, no obligation<\/strong><\/a>.\u00a0<\/strong><\/p>\n

Snowcap’s founding team includes superconducting researchers Anna Herr and Quentin Herr, who previously worked at chip research firm Imed and defense contractor Northrop Grumman Corp. (NYSE:NOC<\/a>). The team also includes former executives from Nvidia and Alphabet Inc.’s (NASDAQ:GOOG<\/a>, GOOGL)) Google unit.<\/p>\n

According to Snowcap, its architecture is engineered for high-performance AI inference and training, quantum-classical hybrid workloads, and low-latency systems.<\/p>\n

Founded in 2024, Snowcap enters a growing field of startups pursuing alternatives to conventional complementary metal-oxide-semiconductor-based processors.<\/p>\n

The company said its superconducting logic offers “orders-of-magnitude gains in processing speed and efficiency” and aims to support emerging compute workloads spanning AI, high-performance computing, and quantum workflows.<\/p>\n

Read Next: <\/strong>Are you rich?<\/strong><\/a> Here\u2019s what Americans think you need to be considered wealthy.<\/strong><\/p>\n

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily<\/strong><\/a>, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.<\/p>\n

Get the latest stock analysis from Benzinga?<\/p>\n

This article From Power-Hungry AI to Energy Saver: Snowcap’s $23M Move to Revolutionize Computing<\/a> originally appeared on Benzinga.com<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"Snowcap Compute, a semiconductor startup developing superconducting AI chips, announced a $23 million seed round on Monday. According…\n","protected":false},"author":3,"featured_media":21407,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[691,738,2002,19778,19780,918,19779,19781,158,67,132,68],"class_list":{"0":"post-21406","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-cadence-design-systems","11":"tag-pat-gelsinger","12":"tag-playground-global","13":"tag-quantum-computing","14":"tag-snowcap","15":"tag-software-company","16":"tag-technology","17":"tag-united-states","18":"tag-unitedstates","19":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114760199917574004","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/21406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=21406"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/21406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/21407"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=21406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=21406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=21406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}